Earnings Outlook For Group 1 Automotive
Portfolio Pulse from Benzinga Insights
Group 1 Automotive (NYSE:GPI) is expected to release its quarterly earnings report on January 31, 2024. Analysts predict an EPS of $10.48. Investors will be looking for an earnings beat and positive guidance for future growth. Historically, GPI's stock price has reacted to past earnings performances and guidance. Last quarter, GPI beat the EPS estimate by $0.59, leading to a 4.03% stock price increase the following day. Over the last year, GPI shares have risen 26.6%, trading at $276.75 as of January 29.
January 30, 2024 | 4:01 pm
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Group 1 Automotive is anticipated to report an EPS of $10.48 for the latest quarter. A positive earnings surprise and guidance could lead to a stock price increase, as seen historically.
Given GPI's history of stock price increases following an earnings beat, and considering the positive trend over the past year, a similar outcome may occur if GPI beats the EPS estimate and provides favorable guidance. However, market conditions and other unforeseen factors could affect the stock's reaction.
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